Allegro MicroSystems (ALGM) Expected to Announce Quarterly Earnings on Thursday

Allegro MicroSystems (NASDAQ:ALGM) is projected to post its Q3 2026 results before the market opens on Thursday, January 29th. Analysts expect the company to announce earnings of $0.14 per share and revenue of $220.78 million for the quarter. Allegro MicroSystems has set its Q3 2026 guidance at 0.120-0.160 EPS. Individuals may visit the the company’s upcoming Q3 2026 earning results page for the latest details on the call scheduled for Thursday, January 29, 2026 at 8:30 AM ET.

Allegro MicroSystems (NASDAQ:ALGM) last announced its earnings results on Thursday, October 30th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.01. Allegro MicroSystems had a negative net margin of 3.60% and a positive return on equity of 2.90%. The company had revenue of $214.29 million for the quarter, compared to the consensus estimate of $210.75 million. During the same period in the previous year, the business earned $0.08 EPS. The company’s revenue was up 14.4% on a year-over-year basis. On average, analysts expect Allegro MicroSystems to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Allegro MicroSystems Stock Performance

Shares of ALGM stock opened at $32.66 on Wednesday. The company has a current ratio of 3.89, a quick ratio of 2.48 and a debt-to-equity ratio of 0.30. Allegro MicroSystems has a 1-year low of $16.38 and a 1-year high of $38.45. The stock’s fifty day simple moving average is $28.49 and its 200-day simple moving average is $29.74. The company has a market capitalization of $6.05 billion, a price-to-earnings ratio of -204.13 and a beta of 1.61.

Analyst Ratings Changes

ALGM has been the subject of a number of research reports. Evercore ISI lifted their target price on shares of Allegro MicroSystems from $37.00 to $49.00 and gave the company an “outperform” rating in a research note on Friday, October 31st. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Allegro MicroSystems in a research report on Monday, December 29th. TD Cowen restated a “buy” rating on shares of Allegro MicroSystems in a report on Friday, October 31st. Wall Street Zen raised shares of Allegro MicroSystems from a “hold” rating to a “buy” rating in a research report on Sunday, January 18th. Finally, Mizuho set a $38.00 price target on Allegro MicroSystems in a report on Tuesday, December 16th. Eight research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Allegro MicroSystems has a consensus rating of “Moderate Buy” and a consensus price target of $38.89.

Hedge Funds Weigh In On Allegro MicroSystems

A number of institutional investors have recently modified their holdings of ALGM. NewEdge Advisors LLC lifted its stake in Allegro MicroSystems by 12,315.0% during the 3rd quarter. NewEdge Advisors LLC now owns 2,483 shares of the company’s stock valued at $73,000 after acquiring an additional 2,463 shares in the last quarter. Centaurus Financial Inc. bought a new stake in Allegro MicroSystems in the third quarter worth about $161,000. Canada Pension Plan Investment Board lifted its stake in Allegro MicroSystems by 154.2% in the second quarter. Canada Pension Plan Investment Board now owns 6,100 shares of the company’s stock valued at $209,000 after purchasing an additional 3,700 shares during the last quarter. Brooklyn Investment Group lifted its position in shares of Allegro MicroSystems by 321.6% during the 3rd quarter. Brooklyn Investment Group now owns 7,335 shares of the company’s stock valued at $214,000 after buying an additional 5,595 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV purchased a new stake in Allegro MicroSystems during the third quarter valued at about $249,000. 56.45% of the stock is owned by institutional investors.

Allegro MicroSystems Company Profile

Allegro MicroSystems, Inc (NASDAQ: ALGM) is a leading designer and manufacturer of high-performance power and sensing integrated circuits. The company focuses on semiconductor solutions that enable precise motion control, energy-efficient power management and robust sensing in a wide range of applications. Allegro’s product portfolio includes Hall-effect magnetic sensors, current and position sensing ICs, motor driver and controller devices, and power management components.

Allegro MicroSystems serves major automotive, industrial and consumer markets worldwide.